Investors Group announces fund mergers

The mergers are not considered to be material for any of the Continuing Funds, but meetings for the four Continuing Corporate Class Funds are required for corporate law purposes.

The proposed mergers are expected to take effect on or about the close of business on June 14, subject to any necessary securityholder and regulatory approvals:

Merging Fund		Continuing Fund
Investors Japanese Equity Fund		Investors Pan Asian Growth Fund
Investors Japanese Equity Class		Investors Pan Asian Growth Class
Investors European Dividend Growth Fund		Investors European Equity Fund
Investors Summa Global SRI Fund		Investors Global Fund
Investors Summa Global SRI Class		Investors Global Class
Investors Mergers & Acquisitions Fund		Investors North American Equity Fund
Investors Mergers & Acquisitions Class		Investors North American Equity Class
IG Mackenzie Universal Global Growth Class		IG Mackenzie IVY Foreign Equity Class
Investors Real Return Bond Fund		Investors Canadian Bond Fund

Investors Group says the mergers are expected to provide securityholders of the merging funds with more effective portfolio management and generally broader investment mandates with more diversification which, in turn, will provide the potential for less volatility and improved long-term performance.

All of the mergers have been reviewed by the IG Funds Independent Review Committee (IRC), which has determined that the mergers achieve a fair and reasonable result for the funds.

Proposed investment objective changes

In addition to the proposed mergers, several IG Corporate Class funds will be provided with the flexibility to invest primarily in the units of other Investors Group funds that will facilitate achieving the Class’ investment objective and /or investing directly in equity securities. The affected funds are:

• Investors Canadian Equity Class
• Investors Canadian Growth Class
• Investors Canadian Large Cap Value Class
• Investors Canadian Small Cap Class
• Investors Canadian Small Cap Growth Class
• Investors North American Equity Class
• Investors Québec Enterprise Class
• Investors Summa SRI Class
• Investors U.S. Large Cap Value Class
• Investors U.S. Opportunities Class

Investors Group says this change is expected to provide these Classes with more effective portfolio management, including better diversification and easier asset allocation, and the potential to reduce overall trading costs.

The proposed changes are expected to take effect on June 12, pending required approvals.

Investors Group is a member of the IGM Financial Inc. (TSX: IGM) group of companies.